An ontological analysis of the economic primitives of the extended-REA enterprise information architecture

Geerts, Guido L.; McCarthy, W. E. J.

doi:10.1016/s1467-0895(01)00020-3

Cited by 215 publications

(144 citation statements)

References 6 publications

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“…A clear example of such a model is the ResourceEvent-Agent Enterprise (REA) Ontology which provides "a pattern for the semantic definition of business processes" (Geerts and McCarthy, 2002;Geerts and McCarthy, 2006). While REA was initially designed to provide a new conceptual foundation to accounting (McCarthy, 1982), the framework has grown.…”

Section: Related Workmentioning

confidence: 99%

Ontology-based standards development: Application of OntoStanD to ebXML business process specification schema

Heravi

Lycett

Cesare

2014

International Journal of Accounting Information Systems

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Ontology-Based Standards Development: Application of OntoStanD to ebXML Business Process Specification SchemaAbstract: Business-to-Business (B2B) interoperations are an important part of today's global economy. Business process standards are developed to provide a common understanding of the information shared between trading partners. These standards, however, mainly capture the syntax of the transactions and not their semantics. This paper proposes the use of ontologies as the basis for standards development and presents an ontology for the ebXML Business Process Specification Schema (ebBP) with the aim of empowering the capture and sharing of semantics embedded within B2B processes as well as enabling knowledge deduction and reasoning over the shared knowledge. The paper utilises the Ontology-based Standards Development methodology (OntoStanD) as a methodological approach for designing ontological models of standards. This research demonstrates how Semantic Web technologies can be utilised as a basis for standards development and representation in order to improve standards-based interoperability between trading partners.

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Section: Related Workmentioning

confidence: 99%

Ontology-based standards development: Application of OntoStanD to ebXML business process specification schema

Heravi

Lycett

Cesare

2014

International Journal of Accounting Information Systems

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“…Many business model frameworks exist that aim at facilitating and guiding business modeling, e.g., Activity system [16], e 3 -value [21], VDML [26], REA [27], RCOV [14], The BM concept [10], Entrepreneur's BM [13], The social BM [15], The BM guide [9], 4C [11], Internet BM [12], and BMO [20]. Some of them have a strong link to information systems, others are closely related to strategic management or industrial organization.…”

Section: Business Modeling and The E 3 -Value Ontologymentioning

confidence: 99%

Business Model Risk Analysis: Predicting the Probability of Business Network Profitability

Johnson

Iacob

Välja

et al. 2013

Lecture Notes in Business Information Processing

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Abstract. In the design phase of business collaboration, it is desirable to be able to predict the profitability of the business-to-be. Therefore, techniques to assess qualities such as costs, revenues, risks, and profitability have been previously proposed. However, they do not allow the modeler to properly manage uncertainty with respect to the design of the considered business collaboration. In many real collaboration projects today, uncertainty regarding the business' present or future characteristics is so significant that ignoring it becomes problematic. In this paper, we propose an approach based on the Predictive, Probabilistic Architecture Modeling Framework (P 2 AMF), capable of advanced and probabilistically sound reasoning about profitability risks. The P 2 AMF-based approach for profitability risk prediction is also based on the e 3 -value modeling language and on the Object Constraint Language (OCL). The paper introduces the prediction and modeling approach, and a supporting software tool. The use of the approach is illustrated by means of a case.

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“…Substantive formalization is necessary for putting in place automation and the dramatic process changes that are necessary. In addition to data processing mechanics, classification structures like taxonomies and hierarchies must be expanded to harden ''soft'' knowledge into computable structures (Krahel 2012;Geerts and McCarthy 2002). c. Automatic semantic understanding and natural language processing are necessary to disambiguate representational words in financial statements; evaluative utterances in media reports and financial analyses, potentially damning verbiage in FCPA violations; etc.…”

Section: Concernsmentioning

confidence: 99%

AIS in a More Rapidly Evolving Era

Vasarhelyi

2012

Journal of Information Systems

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An ontological analysis of the economic primitives of the extended-REA enterprise information architecture

Cited by 215 publications

References 6 publications

Ontology-based standards development: Application of OntoStanD to ebXML business process specification schema

Ontology-based standards development: Application of OntoStanD to ebXML business process specification schema

Business Model Risk Analysis: Predicting the Probability of Business Network Profitability

AIS in a More Rapidly Evolving Era

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